Legal & General’s Suburban Build-to-Rent business (L&G SBTR) and Cala Homes have agreed a forward funding deal for 107 homes at Buckler’s Park in Crowthorne. The transaction is the first between L&G SBTR and Cala, which are both owned by Legal & General Capital.
The two- and three-bedroom homes will be completed in 2025 and are part of a wider development at Buckler’s Park, which includes 1,000 new homes, a community and sports hall, nursery, café, flexible meeting spaces and a new primary school.
David Reid, managing director of L&G SBTR, said: “Demand for new homes remains high across the country, so it is vital to keep investing in and developing multi-tenure offerings to suit the diverse needs of housing customers. At Legal & General SBTR, we aim to deliver the high-quality housing stock with reliable customer service needed to meet this demand, and we are thrilled to be collaborating with Cala Homes on the Buckler’s Park site in Crowthorne.
“We look forward to continuing our relationship with Cala to deliver much-needed homes for rent across the UK and to build upon the synergies between the L&G housing businesses.”
John Richards, land and planning director at Cala Homes Thames, added: “We’re delighted to work with our colleagues at Legal & General SBTR to broaden the tenure mix and accelerate delivery of much-needed homes in Crowthorne. Buckler’s Park is an excellent example of brownfield regeneration – we’re meeting local needs by building a range of high-quality dwellings, from one-bedroom apartments up to five-bedroom homes, and now L&G SBTR is delivering homes for rent too.”
“Projects like Buckler’s Park demonstrate the opportunity for collaboration between Cala and Legal & General’s other housebuilding businesses to deliver high-quality homes across a wider range of tenures, on the same site for local community benefit.”
